CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Fmr LLC

Fmr LLC increased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 85.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,587,042 shares of the financial services provider’s stock after buying an additional 3,498,244 shares during the period. Fmr LLC’s holdings in CBRE Group were worth $944,435,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in CBRE Group by 2.8% in the third quarter. The Manufacturers Life Insurance Company now owns 213,505 shares of the financial services provider’s stock valued at $26,577,000 after acquiring an additional 5,743 shares during the period. Bank of Montreal Can lifted its holdings in shares of CBRE Group by 61.2% in the 3rd quarter. Bank of Montreal Can now owns 607,696 shares of the financial services provider’s stock worth $74,850,000 after purchasing an additional 230,684 shares during the last quarter. Canton Hathaway LLC acquired a new position in CBRE Group during the 3rd quarter valued at approximately $27,000. Brown Brothers Harriman & Co. grew its stake in CBRE Group by 93.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 435,169 shares of the financial services provider’s stock worth $54,170,000 after buying an additional 209,667 shares during the last quarter. Finally, Independent Advisor Alliance bought a new position in CBRE Group during the 3rd quarter worth $205,000. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 0.2 %

Shares of CBRE Group stock opened at $140.76 on Thursday. The business has a fifty day simple moving average of $128.07 and a 200-day simple moving average of $109.74. CBRE Group, Inc. has a fifty-two week low of $78.18 and a fifty-two week high of $142.00. The firm has a market cap of $43.07 billion, a price-to-earnings ratio of 45.26 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the company earned $0.72 EPS. CBRE Group’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts forecast that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Insider Activity at CBRE Group

In related news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the transaction, the chief executive officer now directly owns 217,094 shares in the company, valued at $24,894,168.98. The trade was a 4.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CBRE shares. Keefe, Bruyette & Woods raised their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Citigroup lifted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday. Evercore ISI raised their price target on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, Wolfe Research raised CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.00.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.